STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE Message Board

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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE

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To: David Graham who wrote (575)	12/22/1997 10:08:00 AM
From: Trader X	Read Replies (1) of 2377

Sorry D. Graham, I think you lost that bet. DIGL at $17 by this afternoon? Currently at 14. I don't understand this concept that market makers are responsible for a 4-5 point drop in a stock with a 6 million share float and trading almost 200,000 shares daily on average. There's no way that kind of drop can be attributed to MMs. I for one find all this talk of MMs being responsible for every stock dropping as sheer dillusional scapegoating. Why not blame the Republicans, or maybe El Nino. This is not directed only toward you david, but everyone else who has made a habit of this bit of misinformation. Maybe the stock dropped because it's over valued and momentum investors who've doubled since summer are taking profits and dumping the stock. Huh? Wait aminute...that makes too much sense! -Kevin

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